ITC Holdings Corp.
Novi-based ITC Holdings Corp. (NYSE: ITC) Friday announced it would give up on a $1.8 billion transaction to buy the high-voltage power lines of the New Orelans utility Entergy.
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The Novi power grid owner ITC Holdings Corp. (NYSE: ITC) Thursday reported net income of $59 million or $1.12 a share in the third quarter ended Sept. 30, up from $51.2 million or 98 cents a share in the third quarter of 2012.
If you see a helicopter hovering near major power lines between now and Halloween, don’t flip out. It’s a normal inspection.
Novi-based ITC Holdings Corp. (NYSE: ITC), the nation’s largest independent electric transmission company, reported net income of $47.4 million or 90 cents a share in the second quarter ended June 30, up from $42.4 million or 81 cents a share in the same quarter a year earlier.
The independent power grid manager ITC Holdings Corp. (NYSE: ITC) Wednesday announced that it has priced an underwritten public offering of $550 million aggregate principal amount of senior unsecured notes. The notes include $250 million aggregate principal amount of 4.05 percent senior notes due 2023 and $300 million aggregate principal amount of 5.30 percent senior notes due 2043.
ITC Holdings Corp. (NYSE: ITC) Friday announced that its proposed buyout of the transmission lines of New Orleans-based Entergy Corp. (NYSE: ETR) has received approval from the Federal Energy Regulatory Commission.
ITC Great Plains LLC, a subsidiary if Novi-based ITC Holdings Corp., announced that the Southwest Power Pool has approved the Elm Creek to Summit transmission line project. The project will improve the reliability of the high-voltage grid in central Kansas.
ITC Holdings Corp. has scheduled an April 16 special meeting of shareholders to vote on its acquisition of the electric transmission business of Entergy Corp.
Entergy Texas Inc., in conjunction with ITC Holdings Corp. (NYSE: ITC) and ITC Midsouth LLC, have filed a requewt at the Public Utility Commission of Texas to spin off Entergy Texas’ electric transmission business and merge it into a subsidiary of ITC.